Ripple Price Analysis: XRP/USD Could Extend Decline To $0.3300

Key HighlightsRipple price formed a high near the $0.4000 level and later declined against the US dollar.
There was a break below a major connecting bullish trend line with support at $0.3610 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently under pressure and it could decline towards the $0.3380 or 0.3300 support.Ripple price started a downside correction against the US Dollar and Bitcoin. XRP/USD may continue to correct lower towards the $0.3300 support i